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Michel-Edouard Leclerc expects inflation “of 7%, 8%, maybe even 9% for the winter”

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The head of the center, E.Leclerc, predicts that inflation will reach “7%, 8%, maybe even 9% for the winter”. He insists that some price increases are suspicious and calls again for more transparency.

Galloping inflation, linked to rising energy and food prices, is worrying. It reached 5.8% in June for a year, and INSEE expects further increases by the end of the year. In a note on the economy published at the end of June, the statistical institute forecasts inflation of 6.8% in December.

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Guest on BFMTV and RMC this Thursday morning, Michel-Edouard Leclerc, president of the strategic committee of the E.Leclerc centers, was more pessimistic.

“On his channel, in October or November, I announced that the president would appear with more than 4% inflation (in April during the presidential election, editor’s note), he remembers it,” he boasted.

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“Suspicious” price increases

For several weeks, Michel-Edouard Leclerc has denounced the lack of transparency around the price increase, even prosecuting some “suspicious”. At the end of June he called for the opening of a commission of inquiry into the origins of inflation.

“We, on the ground, would like to arrest the public power, the senators, the deputies, so that they look at the formation of prices. Is this inflation really justified? For us there is a lot of lack of transparency”, he attacked again.

“If I can explain why it is increasing, I would know how to say it. But if I myself have doubts about certain industrialists, about speculation in certain markets, about prices after the war in Ukraine, it will be more complicated to explain to consumers that they have to accept being punctured between 200 and 300 euros. It seems to me that we are very alone in this alert. I would like them to investigate the subject to help us”, says Michel-Edward Leclerc.

Author: paulina dumonteil
Source: BFM TV

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